Weekly Newsletter   Challenge account


Posts Tagged With 'weekly income'

Posted by Martin March 11, 2015

$SPX bounce play still intact

March 11, 2015 trading brought the market drifting lower. Does it mean the sellers are done with selling or are they getting ready for a new wave of selling? It seems that nothing has changed so far and we still may see some uptrend bounce prior to renewed selling. Unless we see some kind of Continue reading →

Posted by Martin March 10, 2015

$SPX expected move for March 11, 2015: bounce or more sell off by Wall Street clowns?

Irving Kahn, a legendary investor, and student and later coworker of Benjamin Graham, once said about speculators and investors in Wall Street: “… I thought the people were crazy … They were running around and screaming at each other during trading hours, and they were like clowns!” He considered these people evil, destroying the market. Continue reading →

Posted by Martin March 05, 2015

SPX expected move for March 6, 2015

Tomorrow is expiration day for our SPX bull put spread. Today’s trading bought us a little padding for tomorrow, making our trade safer than what it was yesterday for example. Hopefully this relief will help us tomorrow. The market is weak and it stayed around $2100 level the whole day today as investor are expecting Continue reading →

Posted by Martin March 04, 2015

SPX expected move for March 5, 2015

The market outlook doesn’t look good for our bull put spread against SPX. If the selling continues tomorrow with the same magnitude, our strikes will be breached and we will have to roll the trade away in time to give this market more time to consolidate. On Tuesday, there was no reason for selling at Continue reading →

Posted by Martin March 03, 2015

SPX expected move for March 4, 2015

Today, we saw SPX retreating from its all-time high level. Surprisingly, it wasn’t economic data which sparked the selling but not so good sales reported by automakers. That’s at least what media are trying to tell us. On Monday the trading was strong and bullish enough to reverse bearish outlook and my technical indicators shot Continue reading →

Posted by Martin February 27, 2015

Bull Put Spread against SPX expired for 6.38% profit

Although yesterday the trading looked dramatic, no actual drama has happened today and our SPX bull put spread we put out on Wednesday with strikes at 2080/2085 expired worthless for a full profit of a received credit (our subscribers and I realized 6.38% profit this week). If we will be able to maintain such profit Continue reading →

Posted by Martin February 26, 2015

SPX expected move for February 27, 2015

Once again investors in Wall Street freaked out about oil and continued selling energy stocks. That would affect our put spread positions in OXY, LGCY, and EVS, which sold hard today. But these trades are a long term trades and thus today’s sell off is not a concern to me. They can freak out as Continue reading →

Posted by Martin February 25, 2015

SPX expected move for February 26, 2015

I would like to start posting this series of my market expectations, but at this point, I am not sure how consistent I will be able to be in publishing this series. My intent to publish the charts below is to show where the market may go during the day in relation to my weekly Continue reading →

Last Friday expiration of Netflix (NFLX) Iron Condor for 19.51% profit

Last Friday expiration of Netflix (NFLX) Iron Condor for 19.51% profit

On November 10 2014 I opened an Iron Condor trade against Netflix (NFLX). I opened a call side at 405/407.50 and a put side at 365/363.5 shifted a bit towards bullish trend – meaning that I set the call wing of a Condor higher to protect the trade against stock’s uptrend which I have expected. Continue reading →

My trades against SPX, TWTR, expired for full profit today, VMW got filled

My trades against SPX, TWTR, expired for full profit today, VMW got filled

During last week and the week before I opened a few new trades against SPX, TWTR, and VMW. All of the trades against SPX & TWTR expired today for a full profit. After losses I generated during September 2014 I had to go back down from the “heavens” of my pride and basically start over. Continue reading →